The CBTO of Forrester Research (NASDAQ: FORR) is Selling Shares

By Carrie Williams

Today, the CBTO of Forrester Research (NASDAQ: FORR), Steven Peltzman, sold shares of FORR for $99.29K.

This is Peltzman’s first Sell trade following 10 Buy transactions. In addition to Steven Peltzman, 9 other FORR executives reported Sell trades in the last month.

Based on Forrester Research’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $77.43 million and quarterly net profit of $3.11 million. In comparison, last year the company earned revenue of $74.75 million and had a net profit of $4.45 million. The company has a one year high of $42.01 and a one year low of $27.05. FORR’s market cap is $746.5M and the company has a P/E ratio of 53.95.

The insider sentiment on Forrester Research has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Forrester Research, Inc. is an independent research company, which provides pragmatic and forward-thinking advice to global leaders in business and technology. The company operates in three segments: Product, Research and Project Consulting. The Product segment includes the costs of the product management organization that is responsible for product pricing and packaging and the launch of new products. The Research segment includes the costs of its research personnel who are responsible for writing the research and performing the webinars and inquiries for its RoleView product. The Project Consulting segment includes the costs of the consultants that deliver its project consulting services. The company was founded by George F. Colony on July 7, 1983 and is headquartered in Cambridge, MA.